One can start own venture on small scale with less initial investment and infrastructure requirement and operate it successfully with relatively low working capital and still expect to make substantial earnings. Besides, the small scaled businesses provide a competent career opportunity to women and retirees as well. Even the already employed individuals can pursue a small business on part time basis to augment their current income streams. There are plenty of sectors to choose from, however, many small business seekers prefer ventures like playschools, hobby classes, coaching and tutorials, bakery, home based business, online work, HR consultancy, matrimonial services etc. Several of these concepts are not only easy to start and operate but they also have wider consumer appeal. They also provide the business owners to serve their immediate communities.
Amongst the popular options in small business opportunities, playschools have become the most promising segment in providing the best opportunities for entrepreneurs. Other than starting on own, interested business seekers can partner with an already established brand name via franchise route. The interested investors can opt for the franchise opportunities with established brand. Even women or homemakers are earning handsomely by setting up playschools at home. The well recognised brands names in preschool segment include Hello Kids, Little Elly, Shemrock, Podar Jumbo Kids, Sesame offer lucrative business opportunities. Moreover, one can select from business ideas like child care, music class, after school activity centers etc.
Now days, with both parents working, people look out such facilities where they can leave their children in a safe environment where they can also pick a skill or two like music, art or languages. The brands like New Wings and Rising Stars are known names in day care business. These businesses can be operated from commercial as well as residential premises. Especially for women, who would like to strike a balance between their personal and professional life, home based business are an excellent choice.
Matrimonial services, recruitment services and consultancy business. Shadilagan, Shubhmilan, Erishtey are some of the franchises operating in matrimony services space that offers potential partnerships that require low cost of investment. In the category of business consultancy, companies like 9Pyramids, Ashoka NGO, and Immigration are there. The companies such as Matrix Recruitment consultancy and 3 Sixty recruitment are players in recruitment consultancy business that offer huge income opportunity to their franchisee partners.
The business scope for the growth of small scaled businesses is immense. Making investment in such business by way of franchising can unlock the entrepreneurial potential of many people who otherwise hold back for lack of confidence and financial and other resources to enter the business world on their own. The franchisor hand holds the business aspirants through all stages of business to maximise the chances of small business franchisee’s success. However, before putting their hard earned money in a venture, the business seeker should do due diligence regarding his or her interest area, investment capacity, business acumen. They should also en quire about the standing of the franchisor; understand the business model and modern business strategies before taking the plunge. For getting the high growth in the small scale business, the aspiring entrepreneurs must implement everything in planned way.
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